McEWEN MINING INC. (TSE:MUX) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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McEWEN MINING INC. (TSE:MUX) Files An 8-K Entry into a Material Definitive Agreement

McEWEN MINING INC. (TSE:MUX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On November27, 2018, Compañia Minera Pangea, S.A. de C.V. (“CMP”), a wholly-owned subsidiary of McEwen Mining Inc. (the “Company”), entered into a first amendment (the “First Amendment”) to that certain line of credit agreement (“Original Line of Credit”) between CMP and Banco Nacional de Comercio Exterior, S.N.C., a Mexican federal development banking institution (“Bancomext”), dated November30, 2017. The Company disclosed the Original Line of Credit in its Current Report on Form8-K, filed with the SEC on December4, 2017.

The First Amendment extends the maturity date of the Original Line of Credit until December1, 2019 and provides for certain environmental covenants of CMP. Except as modified by the First Amendment, the terms and conditions of the Original Line of Credit remain in full force and effect.

The description of the First Amendment in this report is a summary only and is qualified in its entirety by the terms of the First Amendment, an English summary of which is filed herewith as Exhibit10.1 and is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed or furnished with this report:

10.1 English summary of First Amendment to Line of Credit Agreement, dated November27, 2018


McEwen Mining Inc. Exhibit
EX-10.1 2 a18-41011_1ex10d1.htm EX-10.1 Exhibit 10.1   English Summary of the First Amendment (“First Amendment”),…
To view the full exhibit click here

About McEWEN MINING INC. (TSE:MUX)

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its segments include Mexico, Argentina and the United States. It classifies its mineral properties into Production Properties, Advanced-Stage Properties and Exploration Properties. It owns El Gallo 1 gold mine in Sinaloa, Mexico and holds interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina. In addition to its operating properties, it also holds interests in exploration-stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects. Its Nevada exploration properties include within Gold Bar Complex, Tonkin Complex, Limo Complex and Battle Mountain Complex. It produces approximately 110,320 gold ounces and over 3,315,670 silver ounces for approximately 154,530 gold equivalent ounces.